Bitcoin has never managed a weekly close above $60,000, and failing to do so again risks a reversal downhill, a new warning says.
Bitcoin (BTC) challenged brand-new support levels on Oct. 14 after overnight successes took the market past $58,000 BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin “dips” to near $57,000Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it reversed towards $57,000 after hitting highs of $58,540 on Bitstamp.The moves mimicked the first time Bitcoin had attacked $58,000 in February — several attempts interspersed by consolidation, followed ultimately by a run to April’s all-time highs.Despite on-chain indicators showing that Bitcoin is a different beast in Q4, however, the mood was just as bullish this time around.”Bitcoin is most likely just continuing this grind towards the all-time highs,” Cointelegraph contributor Michaël van de Poppe wrote in his late
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